Dear All,
We have one query regarding the house rent exemption for employees who transfer from one place to another or newly join the organization.
If an employee transfers, can they avail HRA exemption for both places - (A) for their family rent payment at the earlier posting place, and (B) for rent payment at the present place?
What are the rules as per the Income Tax Act to receive rent exemption for both places?
Thank you.
From India, Raipur
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1We have one query regarding the house rent exemption for employees who transfer from one place to another or newly join the organization.
If an employee transfers, can they avail HRA exemption for both places - (A) for their family rent payment at the earlier posting place, and (B) for rent payment at the present place?
What are the rules as per the Income Tax Act to receive rent exemption for both places?
Thank you.
From India, Raipur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
PENALTIES UNDER INCOME TAX ACT.docx